Global Hass Avocado Market Size (2024 - 2029)

Hass Avocado Market Analysis

The Global Hass Avocado Market is projected to register a CAGR of 5.3% during the forecast period (2022-2027). After a temporary drop in demand at the start of the COVID crisis, the European and US consumption of Hass avocado is hitting a record high. The pandemic has given a boost to the global demand for Hass avocado, the most popular variety, as consumers started eating avocados like never before during the pandemic as a part of their healthy diet. Therefore, the demand for fruit has accelerated as more consumers eat at home.

Hass avocado is the most popular variety of avocado in the world. In the United States, per capita consumption of avocados, with more than 95% constituted by Hass avocados, has tripled since the early 2000s, according to the USDA. Hass avocados, native to Mexico and Central America, are now grown in many countries globally. Mexico, Peru, Chile, California, and Colombia are the major avocado-producing countries in the world.

Mexico is the leading producer and exporter of Hass avocado. With a production output of just under 2.4 million metric tons in 2021, Mexico accounted for 30% of the avocado production, the largest global proportion, and the major variable being the Hass. The planted area is constantly expanding at the rate of 3% Y-o-Y. Mexico produces three avocado types, with Hass accounting for 97% of the total output. Michoacán is Mexico's most productive state, accounting for 75% of the national output and 81% of the overall production value. Colombia and the Dominican Republic are also big Hass avocado producers.

The Hass avocado production is heavily impacted by weather conditions and, hence, shows yearly variations. In 2022, prices have reached an all-time high for the first time in 24 years. This rise is a result of increased international demand for healthy foods, decreasing output in Mexico by 8% in 2021, and food inflation, which has been exacerbated by supply chain concerns.

Hass Avocado Industry Segmentation

The Hass avocado is one of the most delectable avocado varieties available, with a thick creamy body and unique taste. Hass is one of the newest avocado kinds, having been developed in the 1920s. It provides relatively many health benefits that include abundant nutrients (vitamins C, B5, B6, E, and K), potassium, folate, protein, and healthy fats.

The Global Hass Avocado Market is segmented by Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers detailed Production (Volume), Consumption (Volume and Value), Export (Volume and Value), Import (Volume and Value), and Price Trend analysis of the market. The report offers estimation and forecast in value (USD Million) and volume (Metric Ton) for the above-mentioned segments.